The volatility index fell throughout the afternoon yesterday while the futures were mixed.
The VIX pushed above 17 early, only to close at 15.48. Its decline came as the S&P 500 climbed from an earlier drop to close at 1402.7 down 2.84 points.
The VIX futures were higher, but the front months fell along with the spot VIX. April futures dropped 3.12 percent to 17.1 and May futures were down 1 percent to 19.5. June and July were both fractionally higher.
The saga continues with the Credit Suisse VelocityShares 2x Short Term VIX Futures Fund as regulators look into its recent turmoil. Authorities in Massachusetts are also asking questions about how information relating to the creation of new shares is divulged, according to media reports.
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